Notably, finance or credit foncier companies that did not apply for a
commercial banking license could continue to function as finance or credit foncier
companies, or as mentioned earlier, return their licenses and continue to operate as a
credit company. However, since authorities have already expanded the business scope
of commercial banks to include factoring, leasing and hire purchase businesses –
traditionally disallowed for commercial banks – remaining finance and credit foncier
companies will be facing heightened competition from commercial banks that have
lower cost of funding.